Captain Panagiotis Tsakos is rumourded to be behind a kamsarmax order in China in what could be his first bulker newbuilding play in over a decade.
Greek brokers report the shipping group signing a letter-of-intent (LOI) for two firm and two optional kamsarmaxes at Jiangsu Yangzijiang.
The 82,000-dwt ships are said to being built to tier II standards, reflecting a price of $25.5m
